USD/JPY TECHNICAL OUTLOOK : 13.01.2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
USD/JPY. Pair after opening at 115.42 made a high of 115.43 and saw a gap down opening in the pair
which took the pair below 114.00 levels and us session we saw the pair reversed from the lower levels 50DMA lies around 113.57 so any dips positional is a buying opportunity in the pair.
Fundamental Overview
Yen is trading at 115.00, bouncing from 113.75 levels that were seen yesterday. Movement in the Japanese Yen was solely influenced by the movement in the bond markets and the US dollar. We believe that the 114.00-113.00 zone will continue to act as a strong support zone and as policy divergence reappears, we can see a resumption of the Yen weakness.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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which took the pair below 114.00 levels and us session we saw the pair reversed from the lower levels 50DMA lies around 113.57 so any dips positional is a buying opportunity in the pair.
Fundamental Overview
Yen is trading at 115.00, bouncing from 113.75 levels that were seen yesterday. Movement in the Japanese Yen was solely influenced by the movement in the bond markets and the US dollar. We believe that the 114.00-113.00 zone will continue to act as a strong support zone and as policy divergence reappears, we can see a resumption of the Yen weakness.
